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A renewed spike in oil prices is the biggest risk facing US stocks, according to Morgan Stanley’s Michael Wilson, who recommended using energy shares to hedge portfolios.
Chinese automaker Xpeng said on Monday its robotics unit had raised more than $900 million in its first funding round, setting a new record for a single private financing in China's embodied AI sector. The funding round, led by IDG Capital and backed by strategic investors Tencent and Alibaba, values the robotics business at more than $6.3 billion, Xpeng said in a statement. The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said.
Aug 21 (Reuters) - The world's top central bank chiefs gather in Jackson Hole this week against a jittery backdrop, half a year into the Iran war and with bond markets rattled by a selloff in long-
Treasury Secretary Scott Bessent’s mission to tame the bond market could get help from another Trump administration push: crypto legislation. Last week, the U.S. Treasury announced larger buybacks of longer-term bonds. In that context, it is notable that Bessent has in the past talked about a big potential new source of demand for Treasury bills: stablecoins.
U. S. stock futures moved lower on Monday as investors prepared for Nvidia’s (NASDAQ:NVDA) quarterly results later in the week, with uncertainty surrounding the artificial intelligence trade combining with geopolitical tensions between Washington and Tehran to weigh on sentiment.
Global tech stocks weakened following equity and bond issues from the sector in Asia and pressure on longer-dated Treasurys eased slightly as oil prices fell.
Intuit stock is in focus as Jefferies cuts its price target to $500 from $550.
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong's biggest secondary share sale. Bloomberg reporters and Bloomberg Intelligence talk about what this means and why it's sparked backlash from some investors like Michael Burry.
Federal Open Market Committee (FOMC) policymakers just acknowledged that Fed Chair Kevin Warsh's worst-case scenario for inflation is a genuine possibility.
1,000 + How many individual stock trades President Trump’s investment accounts made in June, according to his latest government disclosure. The White House said the trading is handled by independent managers.
BEIJING, Aug 24 (Reuters) - Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share
Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. The new model can generate 30-second videos from documents, spreadsheets, slides and web pages, Alibaba Cloud said in a post on the WeChat platform. Alibaba said Wan3.0 had been used in short drama and film production, advertising and marketing, tourism promotion and music video creation since a public beta version was launched on August 6.
It’s late August, but this week will be a big one for markets. Headline events include Nvidia earnings after the bell Wednesday and Kevin Warsh’s first major policy speech as Federal Reserve chairman on Friday.
Burry warned that the earnings hype could indicate that most FOMO-driven buyers are already invested.
European stock indexes were largely lower at the open with, with the Europe-wide Stoxx 600 down 0.15%, as AI-related shares underperformed.
Aug 24 (Reuters) - European shares edged lower on Monday, dragged down by technology stocks, while investors awaited details of threatened U.S. sanctions on Iran due later in the session.
California Attorney General Rob Bonta canceled Monday’s planned settlement meeting with Paramount Skydance (Paramount Skydance Corp (NASDAQ:PSKY) over the company’s proposed acquisition of Warner Bros. Discovery, accusing Paramount of acting in bad faith. According to a report in The New York...
Paramount CEO David Ellison and California AG Rob Bonta will discuss concessions Monday as California seeks structural remedies to clear the $110 billion Warner Bros. Discovery merger.
Taiwan prosecutors said on Monday they indicted nine people, including employees of Nvidia and Super Micro, accused of illegal export of artificial intelligence servers to China. Semiconductor powerhouse Taiwan is the world's largest producer of advanced chips used in AI applications. Prosecutors this year investigated the suspected illegal export of servers equipped with Nvidia chips subject to U.S. export controls.
Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.
Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.
By Andrew Silver SHANGHAI, Aug 24 (Reuters) - Weight-loss drugmakers, vying to tighten the belts of Chinese consumers, are promoting obesity awareness in metro stations, exercise studios and soccer
Stocks have priced in this week's Fed speech, but analysts are split on whether Bitcoin will react the same way.
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
The team collaboration and project management software company reported a notable insider sale amid an upswing in share price.
Shell has drawn interest from potential bidders including ExxonMobil and LyondellBasell for its multibillion-dollar US chemicals assets, as the...
Nvidia reports earnings Wednesday with $92 billion in sales on the line, and Wall Street is split on whether the AI trade can hold.
Financial technology platform Intuit (NASDAQ:INTU) will be announcing earnings results this Tuesday after the bell. Here’s what investors should know.
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